Tag - Value

Neo-classical economics and Gross Domestic Products (GDP) focus on trade
values instead of the actual value to the citizen.

This systemically underestimate the value of production and scew the
political focus towards what generates profits instead of what generates value
to citizens and society. The consequence is Fool's Growth is where the models
are claiming "growth" in GDP while the actual output value to citizens drop.
This especially occur in the public sector and when something reduce or prevent
competition in the private sector.

The first phase of the Digital Economy is to a large degree characterized by
Fools Growth where a few cartels and monopolies accumulated power through
digital infrastructure to control market processes for their short-term profits
at the expense of overall growth in Citizen Profit and society progress.